Market Report, "France Infrastructure Report Q2 2014", Published
After six years of consecutive negative growth, we expect the French construction industry to return to low, but positive growth in 2014, as our 0.5% forecast indicates. Our fundamental view remains unchanged, as we believe that while the worst is over for the industry, a strong rebound is off the cards. Our view aligns with our Country Risk forecast for economic growth which expects a moderate recovery of 0.7% real GDP growth in 2014. We expect transport infrastructure projects to...
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